Market Size of GCC Business Jet Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 2.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC Business Jet Market Analysis
The GCC business jet market is expected to register a CAGR of over 2% during the forecast period.
- GCC countries have a lucrative market for both the business and private aviation verticals, due to the presence of a large high net worth and ultra-high net worth individual (HNWI/UHNWI) population in the region.
- Due to the aforementioned factor, the onset of an economic downturn, which has now been further triggered by the COVID-19 pandemic, is projected to have a smaller impact on the prospects of business aviation in the region, as compared to other regions in the world. Even during the global economic downturn that occurred a decade ago, the market in the region proved to be highly resilient.
